Issuer

/

Franklin Templeton

Franklin Resources Inc.

United States
Financial Assets
Fixed Income
Money Market Funds
Overview
Issuer DescriptionFranklin Templeton, founded in 1947, is a prominent global investment manager headquartered in San Mateo, California. Operating in over 30 countries, the firm offers a wide array of investment solutions, including mutual funds, retirement planning, and wealth management. Known for its expertise across multiple asset classes - such as equities, fixed income, and alternatives - Franklin Templeton applies a research-driven, long-term investment approach. The firm integrates environmental, social, and governance (ESG) factors into its processes, reflecting a commitment to responsible investing and active corporate engagement. Franklin Templeton’s strategic focus on innovation, client-centric solutions, and ESG integration reinforces its standing as a reputable player in global wealth management and advisory services. Franklin Templeton's tokenization strategy, launched in 2021 with the debut of the Benji Token (FOBXX) on the Stellar and Ethereum blockchains, focuses on enhancing fund accessibility, transparency, and liquidity. Representing a share of the $420 million Franklin OnChain U.S. Government Money Fund - the first U.S.-registered mutual fund on a public blockchain - the Benji Token allows investors to access fractionalized ownership through the Benji Investments app, where they can convert USDC and transfer shares peer-to-peer. Over time, the token expanded via additional launches on the Aptos and Avalanche networks, aligning with Franklin Templeton's broader vision of integrating digital assets into traditional finance.
Personnel5001-10000
Year of Incorporation1947
Development StageMaturity Stage
Legal TypeRegular Corporation
White Paper-
Blockchain Ecosystems
Phone+1-800-29-59-11
Legality & Financial Audit
Legal EntityFranklin Resources Inc.
Registration Number13-2670991
Issuer IndustryInvestment & Asset Management
LEIRIFQSET379FOGTEFKS80
Audit
Yes
Finances AuditorPwC
Finances Audit Date2023-11-13
Additional CommentPricewaterhouseCoopers LLP, in its audit opinion on Franklin Resources, Inc.'s 2023 annual report, affirmed that the company's consolidated financial statements fairly represent its financial position as of September 30, 2023, and 2022. Additionally, the auditor confirmed that Franklin Resources, Inc. maintained effective internal control over financial reporting as of September 30, 2023. The audit, conducted in accordance with PCAOB standards, provided reasonable assurance that the financial statements are free from material misstatements, whether due to fraud or error (https://www.franklintempleton.com/tools-and-resources/lit-preview/29386/SINGLCLASS/franklin-on-chain-u-s-government-money-fund#annual-report).
Regulatory Compliance
National Regulation
Yes
Asset Regulation
Yes
Token Regulation
Yes
Additional CommentFranklin Templeton Trust (Trust) is registered under the Investment Company Act of 1940 as an open-end management investment company, consisting of one series – the Franklin OnChain U.S. Government Money Fund.
Additional CommentThe Fund intends to be a “Government money market fund,” as such term is defined in or interpreted under Rule 2a-7 under the Investment Company Act of 1940 and is registered with the U.S. Securities and Exchange Commission (SEC).
Additional CommentThe Benji Token represents tokenized shares of the Franklin OnChain U.S. Government Money Fund, which is regulated as an open-end management investment company under the Investment Company Act of 1940. While the underlying fund is governed by SEC regulations, including Rule 2a-7, which applies to government money market funds, the token itself is not directly regulated by the SEC. Instead, the Benji Token is classified as a security and must comply with existing U.S. securities laws.
KYC/AML Information
KYC/AML Process
Yes
KYC/AML ProviderIn-house Service
Additional CommentBefore account activation, the Fund will gather specific information in compliance with its Anti-Money Laundering (AML) and Know-Your-Customer (KYC) policies and procedures.
Risk Metrics
Ongoing Monitoring And Risk Management
No
Transparency And Reporting
No
Disaster Recovery And Business Continuity
No
Continuous Management Training (Procedure Descriptions)
No
Additional Comment-
Additional Comment-
Additional Comment-
Additional Comment-
Location
Primary Location
CountryUSA
Stage / RegionCalifornia
Postal Code94403
CitySan Mateo
Address 1One Franklin Parkway
Address 2-
Social
Founders & C-Level
Linked Token & Asset
0
Details
Products And Services
Implementation Partner
Data & Analytics Provider
Consulting Partner
Fiat On-Ramp
Crypto On-Ramp
Liability Umbrellas
Asset Management
Legal Providers
Regulatory Body
Registry Operator-
Underlying Asset Classes
Fees & Pricing
Fee Type
Fee Value
Comment
Fee Type 1
$1.000,00
This is a comment
Fee Type 2
10,00%
This is a comment